Skandia International's ‘Wealth Sentiment Survey’, provides a snapshot of people's idea of wealth as well as it's impact on happiness.

The survey analyzed aspects such as the feeling of financial security, how the sentiment has changed over the past 12 months, the factors influencing the changes and how this may be impacting behavior.

According to the survey, the average level of wealth in U.S. dollars that people say they would need before being termed wealthy is in the region of $1.8 million.

As many as 80 percent of people who participated in the survey believed money can bring them happiness.

On average, the income that people thought would make them happy was about $160,000. That's 15 times the global average for an individual’s income.